Mr. Willem Fuchter reports

ABRAPLATA ANNOUNCES PRIVATE PLACEMENT

Abraplata Resource Corp. intends to complete a non-brokered private placement of up to 7.5 million units, each consisting of one common share in the capital of the company and one common share purchase warrant, at a price of 20 cents per unit for total gross proceeds of up to $1.5-million. Each warrant will be exercisable for two years to purchase an additional common share at a price of 30 cents but will expire earlier if, for any 10 consecutive trading days on the TSX Venture Exchange, the closing price of the company's common shares equals or exceeds 40 cents.

Proceeds from the financing will be used for continuing exploration on, and evaluation of, the company's Diablillos property and its other mineral exploration properties in Argentina, payment of outstanding accounts payable, general and administrative expenses, and working capital. Closing of the financing is subject to the approval of the exchange. In compliance with Canadian securities laws and the rules of the exchange, all securities issued in connection with the financing will be subject to a hold period of four months. The company expects to complete the financing within 30 days.

SSR Mining Inc. (formerly Silver Standard Resources Inc.) holds a contractual anti-dilution right entitling SSR Mining to maintain a 19.9-per-cent equity interest in the capital of the company, under the second amended and restated share purchase agreement dated March 21, 2017. A copy of the SSR agreement is available from the company's profile on SEDAR. Completion of the financing, and any subsequent exercise of the warrants, will oblige the company to issue additional common shares to SSR Mining pursuant to the anti-dilution right sufficient for SSR Mining to maintain a 19.9-per-cent equity interest in the capital of the company.

In connection with the financing, the company may pay a commission or finder's fees.

About Abraplata Resource Corp.

Abraplata is a junior mining exploration company focused on delivering shareholder returns by unlocking mineral value in Argentina. The company's experienced management team has assembled an outstanding portfolio of gold, silver and copper exploration assets, and is focused on advancing its flagship Diablillos property, with an indicated resource of 81.3 million ounces Ag and 755,000 oz Au, through the various stages of feasibility. In addition, Abraplata owns the highly prospective Cerro Amarillo property with its cluster of five mineralized copper-(molybdenum-gold) porphyry intrusions located in a mining camp hosting the behemoth El Teniente, Los Bronces and Los Pelambres porphyry Cu-Mo deposits. Further exploration work is also planned for the company's Samenta porphyry Cu-Mo property, located south of First Quantum's TacaTaca project, as well as its Aguas Perdidas gold-silver epithermal property.

We seek Safe Harbor.